Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 4 contracts from 3 companies

Term of Plan. Subject to Section 21, the Plan will become effective upon its adoption by the Board. Unless sooner terminated under Section 18, it will continue in effect for a term of 10 years from the later of (a) the effective date of the Plan, or (b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan.
Found in Casper Sleep Inc. contract
Casper Sleep Inc. Contracts

Casper Sleep Inc. 2014 Equity Incentive Plan and form of option agreement (Filed With SEC on January 10, 2020)

Casper Sleep Inc. 2015 Equity Incentive Plan and form of option agreement (Filed With SEC on January 10, 2020)

Crescent Acquisition Corp Contracts

LiveVox Holdings, Inc. 2021 Equity Incentive Plan (Filed With SEC on June 24, 2021)

F45 Training Holdings Inc. Contracts

F45 Training Holdings Inc. 2021 Equity Incentive Plan (Filed With SEC on July 7, 2021)